Plug Power - PLUG Stock Forecast, Price & News

Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications. The company provides proton exchange membrane (PEM), fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies, as well as related hydrogen and green hydrogen generation, storage, and dispensing infrastructure. The company offers GenDrive, a hydrogen-fueled PEM fuel cell system that provides power to material handling electric vehicles; GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems, GenSure fuel cell systems, GenFuel hydrogen storage and dispensing products, and ProGen fuel cell engines; and GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors. It also provides GenKey, an integrated turn-key solution for transitioning to fuel cell power; ProGen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems, and as engines in electric delivery vans; and GenFuel Electrolyzers that are hydrogen generators optimized for clean hydrogen production. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. It has strategic agreements with Airbus; Lhyfe; Edison Motors; Phillips 66; Apex Clean Energy; BAE Systems; and Universal Hydrogen Co. The company was founded in 1997 and is headquartered in Latham, New York.

Plug Power Stock Down 2.6 %

NASDAQ:PLUG opened at $29.19 on Wednesday. The company has a market cap of $16.89 billion, a PE ratio of -26.78 and a beta of 1.78. Plug Power has a twelve month low of $12.70 and a twelve month high of $46.50. The company has a current ratio of 9.10, a quick ratio of 8.10 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $19.39 and its two-hundred day moving average is $21.46.

Plug Power (NASDAQ:PLUG - Get Rating) last posted its earnings results on Tuesday, August 9th. The electronics maker reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The firm had revenue of $151.30 million during the quarter, compared to analyst estimates of $162.31 million. Plug Power had a negative net margin of 105.26% and a negative return on equity of 13.73%. The business's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Analysts anticipate that Plug Power will post -0.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PLUG shares. Morgan Stanley decreased their target price on Plug Power from $43.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, July 21st. Truist Financial raised their target price on Plug Power from $21.00 to $32.00 and gave the company a "hold" rating in a research note on Thursday, August 11th. Piper Sandler lifted their target price on shares of Plug Power from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 19th. Cowen lowered their target price on shares of Plug Power to $35.00 in a report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Plug Power from $19.00 to $29.00 and gave the company an "equal weight" rating in a report on Friday, August 12th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.61.